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    • Brokers

    Bret Davis, Mount Pocono, PA

    Keller Williams Realty Of Delmarva
    Years of Experience
    12
    Association
    Coastal Association Of Realtors

    Contact details

    Phone:
    (410) 677-0909
    Office Address:
    18344 Coastal Hwy, Lewes, DE, 19958

    Performance

    Listings
    23
    Total transactions
    72
    Total transactions amount
    $26M
    Price range
    $241k - 542k
    Average price
    $361k

    Listings

    For Sale (2)

    View map
    • $249,900

      Princess Anne Specialty Property

      Specialty property available for sale in Princess Anne, Maryland.
      30568 Skipjack Cir, Princess Anne, MD 21853
      View Details
    • $785,000

      Remodeled Four-Unit Apartment Building

      Completely remodeled four-unit building, suitable for condos or Airbnb.
      8340 Langmaid Rd, Newark, MD 21841
      View Details

    For Lease (21)

    View map
    • $18 SF/Yr

      Seaford Specialty Property for Rent

      Specialty property available for rent in Seaford, Delaware.
      10599 Concord Rd, Seaford, DE 19973
      View Details
    • $18 SF/Yr

      Prime Land Parcel in Delmar

      1.25-acre flat, undeveloped land parcel with city services.
      502/504 Bi State Blvd, Delmar, DE 19956
      View Details
    • $1,900 /Mo

      Retail Space on BUS Rt13

      1,520 SF retail space available on BUS Rt13.
      726 S Salisbury Blvd, Salisbury, MD 21804
      View Details
    • $1,000 /Mo

      Warehouse Space with Shared Loading

      Warehouse space with shared loading dock near BUS Rt50.
      912 W Isabella St, Salisbury, MD 21801
      View Details
    • $1,200 /Mo

      Downtown Laurel Retail/Salon Space

      Turnkey salon or retail space available in downtown Laurel.
      206 EAST Front St, Laurel, DE 19956
      View Details
    • $450 /Mo

      Downtown Office Space For Lease

      Single office in shared building with communal amenities, available now.
      200 E Church St E, Salisbury, MD 21801
      View Details
    • $1,110 /Mo

      Commercial Space Available For Rent

      Commercial space for rent at 213 W MAIN St.
      213 W Main St, Salisbury, MD 21801
      View Details
    • $350 /Mo

      Renovated Office Space in Denton

      Turnkey office space in downtown Denton entertainment district.
      322 Market F, Denton, MD 21629
      View Details
    • $1,750 /Mo

      Retail Unit Near Route 50

      Retail space available in Cambridge, MD near shopping district.
      321 Crusader 1, Cambridge, MD 21613
      View Details
    • $1,466 /Mo

      Retail Space in Market Place East

      1,200 sqft retail space available for lease.
      945 Mt, Salisbury, MD 21801
      View Details
    • $15 SF/Yr

      Restaurant Space with Outdoor Seating

      3,364 sqft restaurant space available in Salisbury, MD.
      947 Mount Hermon Rd, Salisbury, MD 21804
      View Details
    • $1,500 /Mo

      Georgetown, DE Mixed-Use Duplex

      Mixed-use duplex in Georgetown, suitable for professional services or retail.
      107 N Bedford St, Georgetown, DE 19947
      View Details
    • $4,853 /Mo

      Specialty Property for Rent

      Specialty property available for rent.
      25379 Lankford Hwy E, Onley, VA 23418
      View Details
    • $5,362 /Mo

      Freestanding Retail/Restaurant Building For Lease

      Freestanding retail/restaurant building on highly traveled corridor.
      1053 N Salisbury Blvd, Salisbury, MD 21801
      View Details
    • $510 /Mo

      Turnkey Office Suite in Denton

      Turnkey office suite in Denton's vibrant downtown entertainment district.
      322 Market St E, Denton, MD 21629
      View Details
    • $1,950 /Mo

      Downtown Salisbury Commercial/Professional Space

      Recently renovated commercial space in the heart of downtown Salisbury.
      100 N Division St, Salisbury, MD 21801
      View Details
    • $8 SF/Yr

      Land for Commercial Development

      Land available for industrial, warehouse, or office development.
      11437 Old Princess Anne Rd, Princess Anne, MD 21853
      View Details
    • $10 SF/Yr

      Turnkey Office Spaces Available

      Three office spaces for rent in downtown Wilmington, Delaware.
      1225 N King St, Wilmington, DE 19801
      View Details
    • $13 SF/Yr

      Apartment in Downtown Princess Anne

      Spacious apartment for rent in convenient downtown location.
      11771 Somerset Ave, Princess Anne, MD 21853
      View Details
    • $12 SF/Yr

      Pocomoke City Specialty Property

      Specialty property available for rent in Pocomoke City.
      153 Market St, Pocomoke City, MD 21851
      View Details
    • $4 SF/Yr

      Spacious Warehouse with Upgrades

      Large open warehouse space with planned upgrades and expansion potential.
      510 West Rd, Salisbury, MD 21801
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Bret Davis, Mount Pocono, PA
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Bret Davis, Mount Pocono, PA
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